I have read and accepted to the Terms of Use. By clicking on 'Check Eligibility' I authorise FreEMI and its representative to call me or SMS me overriding my registered number on DNC/NDNC.

4.5 /5(500 Votes)

ICICI Bank Business Loan Eligibility

ICICI Bank Business Loan Eligibility Calculator is one of the most helpful financial tools. If you are planning for ICICI Bank Business Loan apply online first you need to check your eligibility on ICICI Bank Business Loan Eligibility Calculator. To use the ICICI Bank Business Loan Eligibility Calculator you need to put some key information like your current yearly turnover, monthly income, or if you are paying any EMI, or if you use any credit card etc. To make your ICICI Bank Business Loan Eligibility higher you must have high CIBIL Score which is 650. Your ICICI Bank Business Loan will be sanctioned but first you have to meet all the ICICI Bank Business Loan Eligibility Criteria. The ICICI Bank Business Loan Eligibility Calculator is completely free so you can check your ICICI Bank Business Loan Eligibility at anywhere at any time. As ICICI Bank follows the strict rules so if you are applying for ICICI Bank Business Loan you should match all the ICICI Bank Business Loan Eligibility criteria.

Factors which affects ICICI Bank Business Loan Eligibility Calculator

ICICI Bank Business Loan is an unsecured loan, so you don’t have to mortgage anything, so if you fail to pay your ICICI Bank Business Loan amount the lender can’t ask for you anything. So the ICICI Bank Business Loan Eligibility is high compared to home loan or car loan. Your ICICI Bank Business Loan Eligibility based on your inputs it will change if your inputs are wrong. Here are the factors which affects ICICI Bank Business Loan Eligibility Calculator.

Applicant’s Age

The applicant’s age is also important on ICICI Bank Business Loan Eligibility. To avail a ICICI Bank Business Loan you need to be in the age group from 21 to 65 years old. The younger you are there are more chance that your ICICI Bank Business Loan Eligibility is high and you will get a loan in lowest interest rate. You will even avail offers as you are younger.

CIBIL Score

Your CIBIL Score matters a lot on your ICICI Bank Business Loan Eligibility. If you have high CIBIL Score that means your ICICI Bank Business Loan Eligibility is high and if you have low CIBIL Score your Business ICICI Bank Business Loan Eligibility is low. Your CIBIL Score depends on how you pay your Business Loan. To make your CIBIL Score high you need to repay your Business loan on time.

Debt

If you have existing debts which means if you are currently paying any kind of EMI for Credit card, home loan or Business Loan your ICICI Bank Business Loan Eligibility will be lower but if you don’t have any kind of debts your ICICI Bank Business Loan Eligibility will be high.

Geographic Location

Geographical locations matters a lot on your ICICI Bank Business Loan Eligibility as if you are from metro city you have higher ICICI Bank Business Loan Eligibility is higher than someone from rural areas. Some financial institutions have red marked on some places so if you are from one of those places your ICICI Bank Business Loan Eligibility can be lower.

Housing Situation

If you have your own house there are maximum chances that your ICICI Bank Business Loan Eligibility is high and your business loan will be approved but if you are living in a rental house your ICICI Bank Business Loan Eligibility is low as your monthly income gets lower for that.

Business Stability

If you need to take a ICICI Bank Business Loan your ICICI Bank Business Loan Eligibility should be higher and for that you should have higher ICICI Bank Business Loan Eligibility. Your financial institution will ask you if your income from business is stable or not and if the profit of your business is marginal your ICICI Bank Business Loan Eligibility will be lower and that financial institution may ask you for collateral to approve your ICICI Bank Business Loan.

ITR & Banking

ICICI Bank Business Loan sanctioned your business loan amount only after checking your income tax return and bank statements. To match ICICI Bank Business Loan Eligibility Criteria you need to submit your ITR details of 24 months and they also require the bank statements of last six months.

Disclaimer:
FreEMI do not sell any kind of loans on it's own and do not take any kind of fees from our customers. We recommend our customers to select best offers from Banks and its advertisers. We do not assure or grantee any loans, as the loan is sanctioned as per the norms of Banks and NBFCs. We propose all customers to never entertain any monetary demand for disbursal of loan. Also, it is a request that in case if any individual asking for money and calling themselves as representative of
FreEMI should be immediately reported to us via mail at support@freemi.in

Display of any logos, tradenames, trademarks, and other subject matters of intellectual property belong to their particular intellectual property owners. Display of such IP including the related product
details does not imply FreEMI's partnership with the Intellectual Property owner or manufacturer /issuer of such products.

IRDA Registration No. HCG11821 Insurance is the subject matter of solicitation. Our visitors are hereby informed that their information submitted may be shared with HDFC ERGO.
The product information displayed on this website is of the insurer.